Question Peter's Financial is a local bank. This local bank usually quotes residential mortgage interest rates on the basis of daly compounding An independent mortgage broker is quating rates with...

Extracted text: Question Peter's Financial is a local bank. This local bank usually quotes residential mortgage interest rates on the basis of daly compounding An independent mortgage broker is quating rates with monthly compounding. What rate would the broker have to give to match 4.75% compounded daily avalable from the bank? Note. Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56% Equivalent interest rate = 0.00 %